Tech developer Cisco (CSCO) is set to acquire cybersecurity firm Splunk (SPLK) for $28 billion, which Cisco CFO Scott Herren calls "such a powerful transaction for us" on the data front. Google parent company Alphabet (GOOG, GOOGL) denies speculations of a shaky relationship with chip maker Broadcom (AVGO) after a Reuters report claimed the tech giant was considering dropping the company as its primary AI chip supplier by 2027. Yahoo Finance Live's Josh Lipton and Akiko Fujita take a look at several trending stocks ahead of Thursday's closing bell. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Stocks are trading lower the morning after the Federal Reserve’s decision to hold rates steady at its September meeting. KB Home (KBH) shares dip in the early trading session despite the company’s third-quarter earnings beating estimates and raising its full-year outlook. Marvell Technology (MRVL) shares are trading slightly higher amid reports that the company could replace Broadcom (AVGO) as Google’s (GOOG, GOOGL) key AI chip supplier. CrowdStrike (CRWD) shares are trading in the green after the company announced it is raising its subscription gross margins target while increasing its operating margin target. Yahoo Finance’s Brad Smith and Seana Smith take a look at some of the trending stocks of the day. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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